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21 April 2016

New ‘Women in Enterprise’ report launched

FSB are launching a new report today called ‘Women in Enterprise: The Untapped Potential’.

We spoke to over 1900 women business owners in the UK. The aim was to explore the specific challenges faced by women-led businesses and makes recommendations for improving support, developing mentoring networks, and increasing the diversity of business ambassadors.

While the report found women experienced all of the same traditional issues that small business owners face (ie around cash flow and access to finance), they also experienced issues more specific to women business owners.

These challenges included balancing work and family life (40%), achieving credibility for the business (37%) and a lack of confidence (22%). All of these are limiting women’s ability to start, run and grow their businesses.

The report also found that a third (34%) of women business owners say they have experienced gender discrimination in the workplace. This was felt particularly in sectors that are traditionally male dominated - for example in construction where over half (54%) had experienced discrimination.

As a result of our findings, FSB is launching a Women in Enterprise Taskforce’ to support woman entrepreneurs and business owners. The new FSB taskforce will develop a series of regional events, networking opportunities and work with existing regional networks to get to the root of the problem.

Read the full press release.